Reversal Stock Indices Candlestick Patterns - Spinning Tops Candle Pattern

Spinning Tops Candles Pattern

Spinning tops candles pattern have a small body with long upper & lower shadows. These spinning top candlesticks pattern are referred by this name because these candle patterns are similar to spinning top spinning on a matchstick.

The upper and lower shadows of the spinning tops candlesticks patternare longer than the body. The example explained and illustrated below shows the spinning tops candles pattern. You can look for the spinning tops candles pattern in your MT4 stock indices charts. The example explained and illustrated below shows a screenshot to help indices traders when it comes to learning and understanding these spinning tops candlesticks pattern formations.

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Color of the spinning tops candles pattern is not very important, this pattern show the indecision between buyers and sellers in the Indices Trading market. When these spinning tops candlesticks patterns appear at the top of a indices trend or at the bottom of the indices trend it might signify that the indices trend is coming to an end and it may soon reverse & begin going the other direction. However, it's best to wait for confirmation signals that the direction of a indices trend has reversed before trading the trading signal from this spinning top candles pattern formation.

Spinning Top Candle Reversal Patterns Formations on indices Charts

At the top of an upward indices trend a black/red spinning top candlestick pattern shows that a trend reversal is more likely than when the color is white/blue.

At the bottom of a Indices Trading downward trend a white/blue spinning top candlestick pattern shows that a trend reversal is more likely than when the color is black/red.

This spinning top candlestick pattern reversal stock indices signal is confirmed when the next indices candlestick that forms after the spinning tops candlestick pattern closes below the neckline of the spinning tops candlestick pattern for a downward indices trend reversal stock indices signal confirmation, and closes above the neckline of the spinning tops candlestick pattern for a reversal stock indices signal in a downward trend.

The spinning tops candles pattern neck line is:

• For an Upwards Indices Trend - The open of the previous candle that was plotted just before the spinning top candlestick pattern.
• For a Downwards Indices Trend - The open of the previous candlestick that was plotted just before the spinning top candle pattern

Shown Below is example of this Japanese candlestick charting techniques where this spinning tops candlesticks pattern has formed and how to trade it. On the stock indices chart below when the stock indices price moved above the neckline the indices trend reversal stock indices signal given by the spinning tops candlestick pattern was confirmed and this was a good point to exit the short sell indices trade.

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The color of the spinning tops candle pattern formed is blue therefore meaning that a indices reversal was more likely as opposed to if the color of the spinning tops candlestick pattern had been red.